cost structures depend upon the buyer's bargaining power (opportunity cost). However, the winning supplier's investments … monopolist buyer. Such investments reduce the suppliers' variable costs of serving the buyer's demand. We show that an auction … mechanism does not always benefit the payment-minimizing buyer, the supply chain, or society. We identify scenarios where the …

-competitive. To study the effects of mergers, we rewrite a game with simultaneous price and cost-reducing investment choices as one …

forms of demand and retail competition. Whether countervailing buyer power arises, in the form of lower negotiated prices … following greater retail concentration, depends on the pass-through rate of input to retail prices. Countervailing buyer power …